English, asked by Shikimika, 2 months ago

what is the importance of financial institution and banking in the philippines?

Answers

Answered by stripta

Answer:

The functions of the financial system is to channel the funds from lenders to the borrowers, provide a medium of exchange, provide a mechanism for risk sharing and provide a channel through which the central bank can influence the economy, in general, and the financial system in particular.

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